Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 36.1

If you have more deductions for an income year than you have income, the difference is a tax loss .

Note:   You may be able to utilise the tax loss in that or a later income year.

Table of sections

36 - 10   How to calculate a tax loss for an income year

36 - 15   How to deduct tax losses of entities other than corporate tax entities

36 - 17   How to deduct tax losses of corporate tax entities

36 - 20   Net exempt income

36 - 25   Special rules about tax losses